According to Andrew Herdman, director general of Association of Asia Pacific Airlines (AAPA): “Some Asian economies, notably China and India, are still seeing positive economic growth, led by strong domestic consumption. Governments across the region have introduced various measures to stimulate domestic growth. “That should be sustainable, consistent with the need to redress the global imbalances in savings and investment that accompanied the preceding growth phase. Intra-Asian … [Read more...] about Intra-Asia trade likely to lead recovery
Association of Asia Pacific Airlines
Asian air cargo declines 22% in March
Air cargo demand remained depressed in March, with the latest figures released by the Association of Asia Pacific Airlines (AAPA) showing a 21.9 per cent decline in international freight tonne kilometres (FTKs) compared with March of last year. The AAPA average international cargo load factor fell by five percentage points to 63.2 per cent. "The air cargo business remains severely depressed as a result of the sharp slowdown in international trade. For the first quarter of the year, AAPA … [Read more...] about Asian air cargo declines 22% in March
Asia Air Cargo Dives 11 Per cent
Freight traffic for Asian airlines plunged 11 per cent in October, the steepest decline for the carriers since 2001 and a worrying signal that the downturn is worsening. The decline measured by the Association of Asia Pacific Airlines was deeper than the 9 per cent drop the AAPA reported in September, and one that came during a period when carriers are normally ramping up business for the peak pre-Christmas shipping season. Traffic for the carriers measured in freight metric-tonne kilometers … [Read more...] about Asia Air Cargo Dives 11 Per cent